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Armenia’s Central Bank warns citizens against using services of Swissquote bank

04.07.2018 19:02

Armenia’s Central Bank warns citizens against using services of Swissquote bank

YEREVAN, July 4. /ARKA/. The Central Bank of Armenia recommends that citizens avoid using the services provided by the Financial Trading House (FTH) company in partnership with the Swissquote bank, Harut Kbeyan, a Central Bank spokesman, said in an interview with ARKA news agency.

On June 2, the Financial Trading House that presented itself as the official representative of the Swissquote bank in Armenia said it begins attracting customers from Armenia. Armenian Minister of Economic Development and Investments Artsvik Minasyan, who attended the FTH presentation in Yerevan, said Swissquote bank's interest in the Armenian market was an indication of its confidence in the country.

According to the minister, this means that the Armenian economy will get access not only to new services, but also a possibility of a wider circulation of financial resources. He added that this, in particular, increases the country's credibility and investor confidence.

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